Meaning of blooey

bloo•ey

Pronunciation: (bl'ē), [key]
— adj. Slang.
  1. out of order; faulty.
  2. to go totally out of commission; break down completely: If the generator fails, the whole system will go blooey.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.